Vipera Plc announced that it has won a mobile banking contract to provide Motif to one of the most modern and rapidly growing retail banks in Italy. This contract has been won through a cooperation agreement between the company and the Italy office of a professional services firm. The project is based on Motif, the company's flexible and extensive mobile banking platform, which will allow the bank to offer its customers full access to their bank account details enabling them to make credit card and utility bill payments and to instantly transfer funds anywhere in the world. The project plan calls for a rapid roll-out with implementation in the early part of 2013 and offers the bank a path to further functionality available within the Motif suite.

Vipera plc announced that it expects group revenues for the year to December 2012 to be substantially in excess of the prior year total.

Vipera Plc reported unaudited group and parent earnings results for the year ended December 31, 2011. For the period, on the basis of group, the company reported revenues of £660,188 against £253,109 for the same period last year. Operating loss was £497,503 against £110,732 for the same period last year. Loss before taxation from continuing operations was £544,781 against £287,875 for the same period last year. Loss for the year was £507,419 or 0.39 pence per basic and diluted share against £276,129 or 0.24 pence per basic and diluted share for the same period last year. Net cash generated used in operating activities was £574,327 against £258,706 for the same period last year. Purchases of property, plant and equipment were £2,566 against £7,830 for the same period last year. For the period, on the basis of parent, operating loss was £497,503 against £110,732 for the same period last year. Net cash generated used in operating activities was £803,594 against £1,021,696 for the same period last year.